Achieving a Better Life Experience Act of 2013 or the ABLE Act of 2013 - Amends the Internal Revenue Code to establish tax-exempt ABLE accounts to assist an individual with a disability in building an account to pay for qualified disability expenses. Defines "qualified disability expenses" to include expenses for education, including higher education expenses, a primary residence, transportation, obtaining and maintaining employment, health and wellness, and other personal support expenses.
Treats a qualified ABLE program and an ABLE account in the same manner as a qualified tuition program for income tax purposes (i.e., allowing a tax exemption for such program and an exclusion from gross income of amounts attributable to a contributor to or a beneficiary of a program account). Defines "qualified ABLE program" as a program established and maintained by a state agency under which a person may make contributions to an ABLE account established to pay for qualified disability expenses.
Requires amounts in ABLE accounts to be disregarded in determining eligibility for Medicaid and other means-tested federal programs. Suspends the payment of supplemental security income benefits under title XVI (Supplemental Security Income) of the Social Security Act to an individual during any period in which such individual has excess resources attributable to an ABLE account.
Action Date | Type | Text | Source |
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2015-01-02 | Floor | LAID ON THE TABLE - Without objection, the Chair announced that H.R. 647 is laid on the table. | House floor actions |
2014-12-03 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
2014-12-03 | Vote | On passage Passed by the Yeas and Nays: 404 - 17 (Roll no. 545). (text: CR H8312-8317) | House floor actions |
2014-12-03 | Floor | Considered as unfinished business. (consideration: CR H8343-8344) | House floor actions |
2014-12-03 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 647, the Chair put the question on passage, and by voice vote, announced that the ayes had prevailed. Mr. Reichert demanded a the yeas and nays and the Chair postponed further proceedings on the question of passage until a time to be announced. | House floor actions |
2014-12-03 | Floor | The previous question was ordered pursuant to the rule. (consideration: CR H8322) | House floor actions |
2014-12-03 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 647. | House floor actions |
2014-12-03 | Floor | The rule provides for a closed rule for H.R. 5771 and H.R. 647. | House floor actions |
2014-12-03 | Floor | Considered under the provisions of rule H. Res. 766. (consideration: CR H8312-8322) | House floor actions |
2014-12-03 | Floor | Rule H. Res. 766 passed House. | House floor actions |
2014-12-02 | Floor | Rules Committee Resolution H. Res. 766 Reported to House. The rule provides for a closed rule for H.R. 5771 and H.R. 647. | House floor actions |
2014-11-12 | Calendars | Placed on the Union Calendar, Calendar No. 456. | House floor actions |
2014-11-12 | Discharge | Committee on Energy and Commerce discharged. | House floor actions |
2014-11-12 | Committee | Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-614, Part I. | House floor actions |
2014-07-31 | Committee | Ordered to be Reported (Amended) by Voice Vote. | House committee actions |
2014-07-31 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
2013-02-15 | Committee | Referred to the Subcommittee on Health. | House committee actions |
2013-02-13 | IntroReferral | Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | House floor actions |
2013-02-13 | IntroReferral | Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | House floor actions |
2013-02-13 | IntroReferral | Introduced in House | Library of Congress |